Monday, March 23, 2009

 

Kiting


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kiting

The unlawful practice of drawing checks against a bank account containing insufficient funds to cover them, with the expectation that the necessary funds will be deposited before
Kiting - Definition of Kiting on Investopedia - 1. The act of misrepresenting the value of a financial instrument for the purpose of extending credit obligations or increasing
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To Kite, or kiting, is a combat tactic of a player character keeping a mob or another player at a certain distance, usually out of melee distance but within ranged attack, and
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kiting - definition of kiting - Illegally benefiting from float, for example by depositing and drawing checks between accounts at two or more banks.
Specific kinds of cheque fraud include cheque kiting, where funds are deposited before the end of the float period to cover the fraud, and paper hanging, where the float offers the
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Kiting. Used in banking to refer to the practice of depositing and drawing checks at two or more banks and taking advantage of the time it takes for the second bank to collect

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